Mexico’s largest wireless operator, America Movil, is reportedly rethinking its business structure and strategy as Mexico’s recent competition law overhauls are cracking down on the dominance of the company.
Reports say America Movil is looking to maintain its grasp on the industry even as recent legislation changes have officially declared the company dominant, allowing the Federal Telecommunications Institute to take measures to boost competition.
The company was sanctioned earlier this year by competition officials for holding more than 50 percent of wireless phone accounts.
Now, the company announced possible changes to the business, though stayed mum on what those changes could be. Experts say possible changes are the direct result of authorities’ recent actions against the company. The company may be forced to divest assets, say reports, or the company could propose its own breakups.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI